$KDA
/USDT BEARISH BREAKDOWN โ LAYER-1 STRUGGLES TO HOLD SUPPORT! ๐ป
$KDA continues its steep decline as bearish momentum dominates the chart. After failing to sustain above the $0.08 level, price has broken below key short-term supports and is now hovering near $0.0624, showing extreme weakness. The consistent drop in trading volume and massive multi-timeframe losses indicate strong seller control and a lack of buying interest โ suggesting that further downside pressure remains likely in the near term.
๐น Trade Setup:
Position: Short
Entry: $0.063 โ $0.065
Targets (TP): $0.055 / $0.048
Stop Loss (SL): $0.072
๐ Market Outlook:
Until $KDA reclaims the $0.08 resistance with strong volume, the market bias stays bearish. A break below $0.055 could trigger another wave of liquidation, while any bounce is likely to face heavy resistance near $0.07โ$0.08. Traders should stay cautious and wait for confirmation before entering long positions.